How Hough was paid
$4M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Options | Other | Total |
|---|---|---|---|---|---|---|
| Richard R. HoughChief Executive Officer and President | $900,000 | $1,400,000 | — | $1,600,000 | $139,647 | $4,039,647 |
| Scott A. GerardChief Financial Officer | $391,667 | $1,158,000 | $158,150 | — | $62,135 | $1,769,952 |
| David J. CampbellGeneral Counsel and Secretary | $391,667 | $875,000 | — | — | $14,750 | $1,281,417 |
| J. Allen GrayManaging Director – Institutional Business | $500,000 | $1,267,876 | — | — | $33,026 | $1,800,902 |
| Matthew ArpanoManaging Director and Portfolio Manager | $375,000 | $3,114,000 | — | — | $56,411 | $3,545,411 |
What changed and why
- $4MRichard R. Hough received total compensation of $4,039,647 for fiscal year 2025.
- The CEO pay ratio was 16 to 1 compared to median employee pay.
- Base salaries for named executive officers remained generally stable during the fiscal year.
- Equity awards included non-qualified stock options granted under the Company's equity incentive plan.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.